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    PAVE

    U.S. Infrastructure Development ETF

    Invest in PAVE

    Morningstar Rating™ - Overall rating out of 89 Infrastructure funds, based on risk-adjusted returns as of 11/30/24

    Reasons to Consider PAVE

    Compelling Need

    The American Society of Civil Engineers assigned a letter grade of C- to the state of U.S. infrastructure in its 2021 report card, highlighting the need for investment.1

    Multiple Long-Term Catalysts

    America is committed to improving its aging infrastructure. The Infrastructure Investment and Jobs Act, Inflation Reduction Act, and CHIPS and Science Act appropriated nearly $1tn to fund critical infrastructure projects.

    Unconstrained Approach

    As the economy evolves, so do infrastructure needs. PAVE seeks to capture this trend by investing in companies that are part of the infrastructure theme, regardless of sector or industry classification.

    1American Society of Engineers, Mar 2021

    Key Information As of 12/09/24

    Inception Date 03/06/17
    Total Expense Ratio 0.47%
    Net Assets $9.39 billion
    NAV $44.22

    ETF Summary

    The Global X U.S. Infrastructure Development ETF (PAVE) seeks to invest in companies that stand to benefit from a potential increase in infrastructure activity in the United States, including those involved in the production of raw materials, heavy equipment, engineering, and construction.

    ETF Objective

    The Global X U.S. Infrastructure Development ETF (PAVE) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Indxx U.S. Infrastructure Development Index.

    Trading Details As of 12/09/24

    Ticker PAVE
    B3 Trading Code BPVE39
    Bloomberg Index Ticker IPAVE
    CUSIP 37954Y673
    ISIN US37954Y6730
    Primary Exchange Cboe
    Shares Outstanding 212,380,000
    Number of Holdings 103
    30-Day Median Bid-Ask Spread 0.02%

    Distributions As of 12/09/24

    30-Day SEC Yield 0.49%
    Distribution Frequency Semi-Annually
     Distribution History

    ETF Prices As of 12/09/24

    NAV $44.22 Daily Change -$0.55 -1.23%
    Market Price $44.24 Daily Change -$0.53 -1.18%

    Performance History

    Premium Discount Chart
    Cumulative Returns (as of 11/29/24)
    		1 Month 6 Months YTD 12 Months 24 Months Since Inception Inception Date
    Return PAVE 11.14% 18.33% 33.01% 46.08% 65.95% 219.54% 03/06/17
    Returns (as of 12/06/24)
    		Return PAVE Return Index
    Since Inception 212.97% 226.35%
    12 Months 30.20% 30.78%
    24 Months 70.48% 72.74%
    Last 60 Trading Days 17.11% 17.23%
    Last 75 Trading Days 16.10% 16.24%
    Monthly Returns (through 12/06/24)
    		Return PAVE Return Index
    Dec 2024 -2.06% -2.06%
    Nov 2024 11.14% 11.19%
    Oct 2024 -0.05% -0.04%
    Sep 2024 4.42% 4.46%
    Aug 2024 -1.34% -1.35%
    Jul 2024 7.91% 8.00%
    Jun 2024 -4.16% -4.16%
    May 2024 3.28% 3.37%
    Apr 2024 -5.87% -5.85%
    Mar 2024 5.53% 5.57%
    Feb 2024 9.91% 10.01%
    Jan 2024 -0.36% -0.34%
    Dec 2023 9.83% 10.07%
    Nov 2023 9.40% 9.57%
    Oct 2023 -5.17% -5.09%
    Sep 2023 -5.90% -5.84%
    Aug 2023 -0.36% -0.32%
    Jul 2023 3.08% 3.12%
    Jun 2023 15.49% 15.55%
    May 2023 -1.18% -1.14%
    Apr 2023 -2.56% -2.56%
    Mar 2023 -2.93% -2.90%
    Feb 2023 0.80% 0.89%
    Jan 2023 9.27% 9.36%
    Dec 2022 -4.67% -4.63%

    Total returns take into account management, administration and fees and other costs automatically deducted from the fund's assets. Before investing, you may read the prospectus in the “FEES AND EXPENSES” section for more details.

    NAV & Index Chart

    Top Holdings As of 12/09/24

    Full Holdings (.csv)
    Net Assets (%) Ticker Name Country SEDOL Market Price ($) Shares Held Market Value ($)
    3.68 TT TRANE TECHNOLOGIES PLC United States BK9ZQ96 401.64 861,381 345,965,064.84
    3.47 ETN EATON CORP PLC United States B8KQN82 364.06 896,343 326,322,632.58
    3.39 PH PARKER HANNIFIN CORP United States 2671501 686.00 464,851 318,887,786.00
    3.35 URI UNITED RENTALS INC United States 2134781 835.89 377,263 315,350,369.07
    3.26 HWM HOWMET AEROSPACE INC United States BKLJ8V2 113.75 2,692,552 306,277,790.00
    3.25 PWR QUANTA SERVICES INC United States 2150204 321.98 950,114 305,917,705.72
    3.16 EMR EMERSON ELECTRIC CO United States 2313405 130.43 2,276,585 296,934,981.55
    2.87 SRE SEMPRA United States 2138158 88.78 3,040,368 269,923,871.04
    2.69 DE DEERE & CO United States 2261203 449.41 562,894 252,970,192.54
    2.68 FAST FASTENAL CO United States 2332262 80.32 3,137,207 251,980,466.24
    2.66 MLM MARTIN MARIETTA MATERIALS United States 2572079 574.70 435,914 250,519,775.80
    2.60 VMC VULCAN MATERIALS CO United States 2931205 281.23 868,993 244,386,901.39
    2.47 NSC NORFOLK SOUTHERN CORP United States 2641894 256.84 902,843 231,886,196.12
    2.28 ROK ROCKWELL AUTOMATION INC United States 2754060 298.72 716,824 214,129,665.28
    2.26 CSX CSX CORP United States 2160753 33.97 6,250,629 212,333,867.13
    2.23 UNP UNION PACIFIC CORP United States 2914734 233.54 896,197 209,297,847.38
    1.95 NUE NUCOR CORP United States 2651086 144.58 1,269,965 183,611,539.70
    1.92 FTV FORTIVE CORP United States BYT3MK1 78.45 2,298,616 180,326,425.20
    1.69 HUBB HUBBELL INC United States BDFG6S3 452.22 350,821 158,648,272.62
    1.57 EME EMCOR GROUP INC United States 2474164 478.59 307,606 147,217,155.54
    1.56 STLD STEEL DYNAMICS INC United States 2849472 138.25 1,058,537 146,342,740.25
    1.52 BLDR BUILDERS FIRSTSOURCE INC United States B0BV2M7 176.89 806,895 142,731,656.55
    1.46 CSL CARLISLE COS INC United States 2176318 430.94 318,474 137,243,185.56
    1.29 TRMB TRIMBLE INC United States 2903958 74.61 1,627,636 121,437,921.96
    1.24 PNR PENTAIR PLC United States BLS09M3 108.24 1,081,523 117,064,049.52
    1.23 RS RELIANCE INC United States 2729068 308.26 376,080 115,930,420.80
    1.21 RPM RPM INTERNATIONAL INC United States 2756174 134.83 843,247 113,694,993.01
    1.21 IEX IDEX CORP United States 2456612 229.65 494,735 113,615,892.75
    1.20 J JACOBS SOLUTIONS INC United States BNGC0D3 136.15 826,492 112,526,885.80
    1.12 WLK Westlake Corporation United States B01ZP20 125.85 838,321 105,502,697.85
    1.06 ACM AECOM United States B1VZ431 112.51 889,857 100,117,811.07
    1.06 GGG GRACO INC United States 2380443 90.39 1,104,486 99,834,489.54
    0.84 BLD TOPBUILD CORP United States BZ0P3W2 380.00 208,026 79,049,880.00
    0.83 LECO LINCOLN ELECTRIC HOLDINGS United States 2516851 208.07 374,482 77,918,469.74
    0.79 RRX REGAL REXNORD CORP United States 2730082 170.45 434,185 74,006,833.25
    0.78 TTEK TETRA TECH INC United States 2883890 42.30 1,742,797 73,720,313.10
    0.77 AGX ARGAN INC United States 2804501 146.36 496,170 72,619,441.20
    0.76 POWL POWELL INDUSTRIES INC United States 2697422 257.77 278,343 71,748,475.11
    0.75 WWD WOODWARD INC United States 2948089 179.73 393,238 70,676,665.74
    0.74 USLM US LIME & MINERA United States 2724115 145.04 477,057 69,192,347.28
    0.73 MTZ MASTEC INC United States 2155306 133.80 515,883 69,025,145.40
    0.72 WCC WESCO INTERNATIONAL INC United States 2416973 203.04 334,417 67,900,027.68
    0.72 TPC TUTOR PERINI CORP United States 2681760 26.33 2,570,833 67,690,032.89
    0.71 WMS ADVANCED DRAINAG United States BP7RS59 130.50 510,043 66,560,611.50
    0.69 EXP EAGLE MATERIALS INC United States 2191399 284.98 227,597 64,860,593.06
    0.69 AYI ACUITY BRANDS INC United States 2818461 321.41 201,636 64,807,826.76
    0.67 CR CRANE CO United States BNYD4F8 170.32 372,009 63,360,572.88
    0.67 RBC RBC BEARINGS INC United States B0GLYB5 333.56 189,792 63,307,019.52
    0.64 CRS CARPENTER TECHNOLOGY United States 2177504 184.19 324,122 59,700,031.18
    0.62 MLI MUELLER INDUSTRIES INC United States 2609717 78.06 743,144 58,009,820.64
    0.61 X UNITED STATES STEEL CORP United States 2824770 39.04 1,461,096 57,041,187.84
    0.60 LPX LOUISIANA-PACIFIC CORP United States 2535243 118.60 472,215 56,004,699.00
    0.59 STRL STERLING INFRAST United States 2632876 183.57 303,008 55,623,178.56
    0.56 DXPE DXP ENTERPRISES INC United States 2276627 78.31 675,332 52,885,248.92
    0.56 PRIM PRIMORIS SERVICES CORP United States B1GC200 78.58 672,162 52,818,489.96
    0.54 ROAD CONSTRUCTION P-A United States BDT5M66 97.15 521,790 50,691,898.50
    0.52 AA ALCOA CORP United States BYNF418 41.99 1,163,100 48,838,569.00
    0.50 SPXC SPX TECHNOLOGIES INC United States BQ1L7V3 158.80 298,950 47,473,260.00
    0.50 CMC COMMERCIAL METALS CO United States 2213260 62.26 762,464 47,471,008.64
    0.50 ATI ATI Inc United States 2526117 56.69 835,563 47,368,066.47
    0.49 GVA GRANITE CONSTRUCTION INC United States 2381189 96.09 482,133 46,328,159.97
    0.49 ZWS Zurn Elkay Water Solution United States BMV1ZD3 40.92 1,132,053 46,323,608.76
    0.49 VMI VALMONT INDUSTRIES United States 2926825 337.30 136,740 46,122,402.00
    0.46 BMI BADGER METER INC United States 2069128 228.07 191,129 43,590,791.03
    0.46 CENX CENTURY ALUMINUM COMPANY United States 2186254 22.22 1,927,997 42,840,093.34
    0.45 HRI HERC HOLDINGS INC United States BZBZ020 229.07 184,433 42,248,067.31
    0.44 NWPX NORTHWEST PIPE CO United States 2035925 54.53 760,476 41,468,756.28
    0.43 CSWI CSW INDUSTRIALS INC United States BYQD1J6 398.41 102,310 40,761,327.10
    0.43 CLF CLEVELAND-CLIFFS INC United States BYVZ186 12.28 3,308,553 40,629,030.84
    0.42 SUM SUMMIT MATERIA-A United States BW9JPS4 50.82 778,731 39,575,109.42
    0.40 MWA MUELLER WATER-A United States B15RZR4 24.93 1,527,296 38,075,489.28
    0.40 KNF KNIFE RIVER CORP United States BPLL4V5 102.34 367,951 37,656,105.34
    0.37 DY DYCOM INDUSTRIES INC United States 2289841 183.47 191,075 35,056,530.25
    0.36 ACA ARCOSA INC United States BGPZ5W8 107.20 317,738 34,061,513.60
    0.35 DNOW DNOW INC United States BMH0MV1 14.76 2,203,689 32,526,449.64
    0.34 EXPO EXPONENT INC United States 2330318 96.22 330,305 31,781,947.10
    0.34 TRN TRINITY INDUSTRIES INC United States 2904627 37.36 849,643 31,742,662.48
    0.34 GBX GREENBRIER COMPANIES INC United States 2387530 66.87 474,370 31,721,121.90
    0.30 MRC MRC GLOBAL INC United States B7M66F1 13.63 2,095,441 28,560,860.83
    0.29 GRC GORMAN-RUPP CO United States 2379281 41.88 654,370 27,405,015.60
    0.28 MTX MINERALS TECHNOLOGIES INC United States 2595612 80.00 328,079 26,246,320.00
    0.27 MYRG MYR GROUP INC/DELAWARE United States B3CLS18 162.68 157,180 25,570,042.40
    0.27 HEES H&E EQUIPMENT SE United States B0WR848 59.86 426,877 25,552,857.22
    0.27 MDU MDU RESOURCES GROUP INC United States 2547323 19.09 1,326,455 25,322,025.95
    0.25 ASTE ASTEC INDUSTRIES INC United States 2060370 38.06 621,313 23,647,172.78
    0.25 CMCO COLUMBUS MCKINNON CORP/NY United States 2211071 40.59 578,011 23,461,466.49
    0.24 TEX TEREX CORP United States 2884224 52.54 437,092 22,964,813.68
    0.24 CXT CRANE NXT CO United States BQ7W2W6 61.13 369,608 22,594,137.04
    0.24 ECG EVERUS CONSTRUCTION GROUP United States BSVLTM2 66.95 332,345 22,250,497.75
    0.23 ATKR Atkore Inc United States BDHF495 90.86 240,777 21,876,998.22
    0.22 MTRN MATERION CORP United States 2149622 114.70 182,631 20,947,775.70
    0.21 AMTM AMENTUM HOLDINGS INC United States BMZLFJ5 23.75 823,002 19,546,297.50
    0.21 IIIN INSTEEL INDUSTRIES INC United States 2325875 30.52 637,743 19,463,916.36
    0.20 CTOS CUSTOM TRUCK ONE United States BL66YS4 5.57 3,439,823 19,159,814.11
    0.20 ROCK GIBRALTAR INDUSTRIES INC United States 2369226 70.04 271,285 19,000,801.40
    0.19 MTUS METALLUS INC United States BNBPMX1 16.99 1,067,982 18,145,014.18
    0.18 CALX CALIX INC United States B3S4L67 34.97 490,420 17,149,987.40
    0.18 WNC WABASH NATIONAL CORP United States 2932048 19.75 857,778 16,941,115.50
    0.17 RYI RYERSON HOLDING CORP United States B3TPPZ6 24.45 652,862 15,962,475.90
    0.13 TITN TITAN MACHINERY INC United States B29H3T5 15.42 804,857 12,410,894.94
    0.11 RTYZ4 Index E-MINI RUSS 2000 DEC24 United States 119,915.00 85 10,192,775.00
    0.09 OTHER PAYABLE & RECEIVABLES United States 1.00 8,864,303 8,864,303.16
    0.07 CASH United States 1.00 6,655,645 6,655,644.66
    Holdings are subject to change. "Cash" denotes U.S. dollars.

    Sector Breakdown As of 11/30/24

    Sector Weight (%)
    Industrials 74.5
    Materials 19.7
    Utilities 3.2
    Information Technology 1.8
    Consumer Discretionary 0.8

    Source: AltaVista Research, LLC

    ETF Characteristics As of 12/06/24

    Return on Equity 15.00%
    Weighted Avg. Market Cap 42,865 M
    2023 2024
    Price-to-earnings 24.17 23.96
    Price-to-book value 3.80 3.39

    Source: AltaVista Research, LLC

    ETF Risk Stats As of 11/30/24

    Versus Beta
    S&P 500 1.25
    MSCI EAFE 1.14
    MSCI Emg. Mkts 0.73
    Standard Deviation 25.10%

    Source: AltaVista Research, LLC

    ETF Documents

    TERMS OF USE

    Global X Brasil Gestora de Investimentos Ltda. (“Global X Brasil”) is an asset manager authorized by the Brazilian Securities and Exchange Commission (“CVM”), constituted in the form of CVM Resolution No. 21/2021. Investing involves risks. The material on this site is for informational purposes only and does not constitute investment advice, recommendation, offer or solicitation to buy or sell any securities, funds, or strategies to any person in any jurisdiction in which an offer, solicitation, purchase, or sale would be illegal under the securities laws of such jurisdiction. Opinions expressed here are subject to change without notice. Reliance upon the information contained in this material is at the sole discretion of the reader. No securities regulator has confirmed the accuracy of any information contained herein. Access to the information on this site or the use of the services or information provided herein is prohibited by any person or entity in any jurisdiction or country where such distribution or use is contrary to local law, rules, or regulation. Investment in index funds (ETFs) involves risks, including detachment from the benchmark index and related to the liquidity of shares in the secondary market. Investment funds managed by Global X Brasil use strategies that can result in significant equity losses for their quota holders. Global X Brasil, its partners and employees are exempt of responsibility for any damages resulting directly or indirectly from the use of the information contained on this website.

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